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NevGold Corp T.NAU


Primary Symbol: V.NAU Alternate Symbol(s):  NAUFF

NevGold Corp. is a Canada-based exploration and development company targeting large-scale mineral systems in the districts of Nevada and Idaho. The Company owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho. The Limousine Butte Project is located within the Basin and Range physiographic province of east-central Nevada. The deposits of the Limousine Butte Project are Carlin-type deposits, sediment-hosted, with disseminated gold. The Nutmeg property consists of approximately 1,724 hectares and comprises 210 federal unpatented lode mining claims, 12 patented claims, and two leases of private land. Its Cedar Wash project is a high-potential, advanced exploration prospect located in Lincoln County, 75 kilometers southeast of Pioche, on the southern flank of the Clover Mountains. Zeus copper project is approximately 40 kilometers northwest of the Nutmeg Mountain gold project.


TSXV:NAU - Post by User

Bullboard Posts
Post by jaysbc44on Jun 18, 2009 11:26am
507 Views
Post# 16080926

update

updateReceived update from Deb this am.  She mentioned a new presentation on our website.  Should be releasing new PEA numbers on Storra, Tapuli, and Pellivuoma very shortly. This should include a Pre Feasibility Study on Tapuli. They've cut back on drilling to conserve cash(will be needed to head into production), some serious enquiries on our Barsele property.  The shareprice reduction due to macroeconomics-with mining stocks being hammered recently, and do to the old Vancouver team exercising options and selling for a profit.  I checked out our newest presentation, for the life of me can't explain how we are trading at cash.  According to site, we will be looking to raise additional capital by years end...there's no way they'll raise cash and dilute the share structure at these prices IMO.  Jays
Bullboard Posts